TechFlow news, July 10 — According to Fortune magazine, stablecoin startup Agora has announced a $50 million Series A funding round led by blockchain venture capital giant Paradigm. Co-founded by Nick van Eck, Drake Evans, and Joe McGrady, Agora offers the AUSD stablecoin and provides white-label services enabling other companies to launch their own branded stablecoins. Agora’s AUSD currently has a market cap of $130 million, significantly smaller than industry leaders like Tether and Circle. However, the company stated it will continue focusing on overseas markets, addressing demand for stablecoins driven by cross-border payments and local currency volatility.
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